Woori Technology, a prominent venture capital firm based in South Korea, is poised to make a potentially significant move by selling its stake in Dunamu, the holding company of the Upbit cryptocurrency exchange. Established in 2015, Woori made an investment of 5.5 billion KRW, acquiring an unspecified percentage of equity in Dunamu. Fast forward nearly
The Australian Securities and Investments Commission (ASIC) has taken a significant step towards enhancing the supervision of digital assets by inviting public feedback on its proposed changes to crypto regulations. This initiative, announced on December 4, demonstrates ASIC’s commitment to keeping pace with the rapidly evolving digital landscape. Currently, the commission maintains that numerous digital
This week, Foundry Digital, a leading player in the Bitcoin mining landscape, made headlines by announcing a significant reduction in its workforce. The decision to lay off 74 employees, constituting approximately 27% of its total staff, highlights a pivotal moment for the company. This move reflects a broader strategic realignment aimed at enhancing its core
Launched on March 14, 2019, Pi Network aimed to democratize cryptocurrency mining by allowing users to mine tokens directly from their smartphones. Yet, two years after that ambitious inception, the project marked a significant milestone of over 2,000 days in existence without an actual, operational mainnet or even a native token. This long-awaited launch has
In the ever-evolving landscape of cryptocurrency trading, key technical indicators often serve as vital signposts for investors. One of the most lauded indicators is the ‘golden cross’, which signals a potential bullish trend. Recent analyses have indicated that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is poised to confirm this significant pattern on its
In a recent announcement via Trust Social on December 4, President-elect Donald Trump confirmed the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission (SEC). This development marks a significant moment not only for the SEC but also for the rapidly evolving landscape of digital assets. Trump emphasized Atkins’
In the intricate world of cryptocurrency trading, Bitcoin often stands at the forefront, capturing the attention of traders and investors alike. Recent market movements suggest an interesting phase for Bitcoin, as it strives to fortify itself at critical support levels after navigating through bearish trends. When it comes to Bitcoin’s price action, understanding the importance
The rapid evolution of technology is transforming not just how we interact with devices but also how we perceive the very structure of the internet itself. A pivotal player in this arena is Thomson Computing, which has unveiled the world’s first Web3 laptop, a device that aims to merge traditional computing with the groundbreaking concepts
Cryptocurrency, once a niche investment, has increasingly become an arena of high stakes—both in terms of potential gains and losses. Recent events surrounding the U.S. government’s actions reflect not only its increasing involvement in this volatile market but also the implications these actions have on the broader cryptocurrency ecosystem. On December 3, the government transferred
In an era where cryptocurrencies are gaining traction as legitimate investment options and operational methods, the underlying financial infrastructure that supports these businesses is facing unparalleled challenges. Recent revelations from industry leaders, including a16z co-founder Marc Andreessen, have sparked crucial discussions about the banking access afforded to crypto businesses. Representative French Hill’s announcement to probe
